Bitcoin Forum

The Chinese Government ban youtube then promote Youku, ban google then they create Baidu, ban facebook to promote weibo
and now, they block access to international cryptocurrency exchanges to create their own cryptocurrency exchange?

China to Block Access to International Cryptocurrency Exchanges - https://news.bitcoin.com/china-block-access-international-cryptocurrency-exchanges/

China will not ignore this lucrative benefit dishes

This is the way the Chinese Government's easy to guess.
After all, BTC will be go to 20.000$

Well China is not banning cryptocurrency all together, it just keeping all it Chinese customers to itself. I don't think this was suppose to affect the market too much. I think a lot of people took this the wrong way and thought China was going to completely ban cryptocurrency.

Definitely agree with you. Chinese government is trying to ban anything which they can control, then create their own one to control and get profits from it. With their big market, nothing is impossible

These Chinese government and regulators are strange they want to create their own crypto but wants to ban the bitcoin which is the pillar of crypto.

China is a communist country what do you expect?they want to use their cryptocurrency to their own premises,its like a cryptocurrency for the whole country itself.China is one of the powerful country today,they can do what ever they want,chinese has an option to migrate to other country if they really want some freedom,if this news in unconfirmed you are just spreading another FUD.

Chinese people don't want to get behind, specially the goverment. They will do everything just to make more profit..

Obviously, the government wants all Chinese citizens to patronize their own cryptocurrency for their own benefit. Through this, the government will be in control of all the crypto activities once they launch their own cryptocurrency. It just funny how China wants to ban Bitcoin and create their own. They weren't thinking that bitcoin is the pilot of all cryptos. 

I think the Chinese government should not be likely to cteate a cryptocurrencies exchange, which is the opposite of what he has done recently.
I think it is possible to set up some colleges to study the blockchain, after all, the blockchain has become a trend.
It is only my opinion.

I don't think so,this just a FUD.
IF they want to have their own cryptocurrency who the hell cares,and the question is whos going to buy their coins lol.China is only 1 county who stated want to ban,how about around the world who lije cryptocurrency ,have you not consider  them?The reason why bitcoin price is drop down is because Chinese New Year is coming and every people who want to celebrate Chinese New Year,ofcourse they're going to sell their altcoins.lol.These people who spread the FUD they know nothing.

so if they create new cryptocurrency exchange, do you want join with them?

It is FUD! China did not ban cryptoexchange. China trying to keep all crypto in one place - China!!

everybody who wants to buy BTC can do that people find their ways always

Chinese people will soon be moving to the next country with their laptops, lol  ;D ;D ;D

"One everyone who may be in is in, there is no more fuel to the upside. "

Then how can you call it a bubble when the price drops in response to government persecution?

Well, I'm thinking that they're developing their own blockchain and will be used exclusively within their country (China) in the future. I don't know about their plans even they already know that Bitcoin, Blockchain and Cryptocurrency is the future of our monetary system for economy and trading industry.
Many countries now are adapting blockchain for their advantage like Russia, Switzerland, Venezuela etc but China, Bangladesh and other countries aren't yet friendly for blockchain.
Maybe in the future China will bring innovation for Blockchain Technology but as of now everyone's clueless behind their cryptocurrency restrictions.

I thought NEO was what most people in China were using and believed in? So now China wants to create something only they own and have access to and profit from it through the sales of it to their own citizens? Sounds pretty lame to be honest. I can see this being a massive issue with the global crypto market regaining some value. This is yet another bad piece of news.

china has always been a villain in the cryptocurrency saga. today it is not only digital token that us being transferred in the blockchain but also information.. valuable information that is unhackable. they fear blockchain because they have no control over it. so they go after the users and exchanges instead.

China with its great firewall is not the only cloud over the crypto horizon. Retail and banks turning away has also created a major spark in the argument of bitcoin. Is it a bubble of denial By investors or a bubble of uncertainty by policy makers.

yes, and you can already guess what will happen
like the previous drama, the price will definitely bounce very high

I really don't know the thinking of the chinese government, they want to create their own style of cryptocurrencies to help increase their income as Chinese people or government, I think they really want to rule the world especially when it comes to money, I am not against that way because everybody really wants money but for me that's being greedy and by that the population of Chinese people that are being banned from cryptocurrency will be a big factor in our industry that is why the market is in the red zone, it is one of the factors.

Not surprised China wants to create a monopoly they can easily control, one of the reasons I don't like Ripple.

Of course, could all just be FUD, hopefully.

the wind is blowing hard and bringing bad news all over the country.
to be honest I was sick of seeing and hearing news like this. whether it will make things worse or not, I do not care anymore.

you think, if a country closes and prohibits exchanges, who will get the biggest losses? its own citizens.

What  do we expect they don't  honor for things they can't control or they won't gain something then if they implemented their own crypto sooner the other country will make there own it is the  end of world crypto
Or there will be a battle of its cryptos and it will be a huge pump and a possibilities  the price will rise in the level that we can't imagine



Theory you think

Yes, the Chinese government likes to do this because it can help local IT companies.
As they were driving out Google, so the search engine baidu to development, now they banned foreign encryption currency exchange, I think they just want to create their own exchange.

Theres nothing new about this news,you are just making another panic at the market,stop spreading FUD the market hasnt yet recovered and the total marketcap is still declining,do you want to end cryptocurrency's era?

Well, the Chinese are not all of Asia, let them do what they want, for me they simply will not be allowed to take everything in their own hands. There are other powerful states that will not simply give them everything to do.

China wants be make their country the richest one in the world, thus its government makes these steps. As for the price of Bitcoin, now we will not see its 20 thousand prices in the nearest several months. IMHO.

China is a corrupt country, and the country doesn't seem to have a democracy at the moment. They just want to put the money-making market in cryptocurrency markets into the government's hands.

So china has scrubbed all websites offering cryptocurrency trading services or advertising the digital currency market from search engines and social media in a bid to wipe out the trade. Really? They say they are doing this to "prevent financial risk" ::) ::)

China is trying to make and use their product rather than try to use other's product. Well said that China is always trying to copied or make a clone of the various thing and this already happened with multiple product and system. Just like the military system of rusia and us has been copied by china. And this time china is creating another fud to make crypto users scared to see that.

China is just trying to manipulate the market prices to help themselves.

It's all games.

In the future we'll also see the ban from different countries and after some time they'll lift the ban as cryptocurrency is the future and whether they launch their own or support well-established coin that's up to them.

I agree with what you are saying completely. The Chinese governament are obviously trying to manipulate the crypto market and bitcoin in different ways to their own advantage which is why I feel that ignoring them is the best way to not let them succeed in their pursuits. Many major governments will keep trying to regulate the entire market in some manner or another, but this will obviously not affect Bitcoin in the long run which is why I advise everyone to ignore such FUD and HODL your coins for long term profits.

China... again , i am totally bored with china regulators , they have plans as always. They gonna collect the last usd of the world !

Actually china,didnt want that foreign country control into there economy that why they trying to manipulate everything in there own,just like happen now in crypto currency,they block all access of foreign exchange including trading and ICO investment,because they want to build of there own currency.the question if how about  we would not patronized also there product and  not recognize also there own cryptocurrency maked and we not accept that in all our trading exchange market,so that they will learned from there mistake.

China always try to ban or restrict bitcoin when the price rises too much. This already happened in 2014 and finally, once their chinese investors got enough coins, their position changed. I've been always wondering if some chinese investors weren't in the governement and trying to make fud to buy lower  ;D

Anyway, indeed, they could create their own exchange, but that couldn't protect them against decentralized exchanges that will progress in the next years.

In loop for crypto exchanges will not benefit for china. They are the biggest bitcoin and miner exporter in the world.
So this will be a suicide for china. They need to export all crypto coins and miners. so i don' think they are building own exchange.

It will do everyone so much good if the Chinese will come out with a position on this issue once for all. This everyday intending to ban is utterly annoying. It is making the system restive.

they are creating fears to capture cheap btc.

yes, china has a passion for world domination, all want to have and lead by it. they are very clever and dangerous

The second beta of Bitcoin china has a tremendous impact on the crypto market and may also be an opportunity for beginners.

Currently, Bitcoin's capitalization is 50% larger than the overall market for coinmarketcap, so the overall cost of altcoin is now dependent on the level of bitcoin growth, bitcoin on the altcoin and bitcoin. altcoin down, and currently bitcoin is in the down trend + china board bitcoin do bitcoin altcoin all fell sharply.

The opportunity for newcomers is that when bitcoin can drop sharply to $ 5000, that's the real value of a bitcoin mining, and the opportunity to buy cheap bitcoins as well as market entry at the right time for people. new.

I am not surprised that China bans cryptocurrency trading and exchange,  China is closed society and the idea that they could suddenly embrace cryptocurrency that pushes idea of freedom beyond democracy is preposterous!

Probably both.

If they ban btc first, they can ban some other coins later and then introduce their own currency.

Well, the government in China has a right to banned bitcoin and other crypto currencies in there country. Since then it has being announced last year 2017 that declaration is partially banned only, further more we are affected by them because of there local investors have a lot of mining bitcoin that support the blockchain. With this final judgement were it was totally banned we were hoping for recovery of bitcoin in some parts of the world accepting crypto currencies.

No ban crypto. Chinese want to come back money in crypto to the country)))

It seems to me that China will not be able to do anything with this phenomenon. Crypto currency is the technology of the future. Therefore, those who do not use them will always be behind, and China is a country of technology, so they will not be able to prohibit decentralization and new technologies. I hope so.

It is a common thing to these communist countries they just want to control the whole nation,no one gets in or out to their premises.This is how they play the game being greedy will make them succeed to their goals.They just dont want to get into a moving train that is why they will create their own things,they arent that type of people who will socialize with other races they are famous duplicating things so there nothing new about this.

When it comes to a decentralized crypto market, any prohibitions look ridiculous! They want to get maximum control so they try different management options.
Regards Denis

china does not grasp this is now a GLOBAL decentralised trustless currency/storage of wealth

You can not replicate that and maintain full control by creating your own centrally controlled crypto

Sadly china will miss out on this new opportunity.

Which is sad for them since they were ahead of the game at one point and now throw it all away.

china's one of the largest investors on the market and they have most of the miners. but people that supports cryptocurrency don't stop on a single country. we continue to move forward. crypto currency is the future